@tsmurphy79 wrote:
Ok, so I am confused again. I did my taxes, everything was looking correct. TT asked about the 3rd Stimulus. We did receive a check back in March for $2800. We told TT we received this. TT then adjusts how much we owe to Federal +2800. So I must be missing how this all works. If I say we got the money, we have to pay that back exactly on top of what we already owe?
No you are not paying it back. All you are doing is reporting that it was received. Since it was received you are not eligible for the Recovery Rebate Credit for the exact same amount as the stimulus payment you received. So what you owe is exactly what it should be because no credit has been entered to reduce what you owe.
